Insider Selling: StoneX Group (NASDAQ:SNEX) Insider Sells 52,564 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) insider Mark Maurer sold 52,564 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $68.83, for a total value of $3,617,980.12. Following the transaction, the insider directly owned 253,772 shares in the company, valued at approximately $17,467,126.76. This represents a 17.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Lowry Maurer also recently made the following trade(s):

• On Tuesday, September 15th, Mark Maurer sold 50,528 shares of StoneX Group stock. The shares were sold at an average price of $67.02, for a total value of $3,386,386.56.
• On Friday, August 7th, Mark Maurer sold 52,648 shares of StoneX Group stock. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00.
• On Wednesday, July 22nd, Mark Maurer sold 52,376 shares of StoneX Group stock. The shares were sold at an average price of $74.32, for a total value of $3,892,584.32.

StoneX Group Stock Performance

Shares of SNEX stock traded down $1.67 during midday trading on Tuesday, hitting $66.86. The company had a trading volume of 785,378 shares, compared to its average volume of 729,910. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.63. The company’s 50 day simple moving average is $71.03 and its 200 day simple moving average is $72.76. StoneX Group Inc. has a 52-week low of $36.45 and a 52-week high of $94.66.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The company had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Research analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG purchased a new position in StoneX Group during the second quarter worth about $3,079,000. Coppell Advisory Solutions LLC acquired a new position in shares of StoneX Group during the 2nd quarter valued at about $3,738,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of StoneX Group by 18,363.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company’s stock worth $2,547,000 after acquiring an additional 26,627 shares during the period. Deutsche Bank AG purchased a new position in shares of StoneX Group during the 2nd quarter worth about $13,328,000. Finally, Leuthold Group LLC boosted its position in shares of StoneX Group by 834.0% in the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company’s stock worth $2,900,000 after acquiring an additional 27,223 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SNEX. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $112.00.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.